San Diego currently has more solar power rooftops than any other city in California. As of December 2009, there were nearly 2,300 solar energy systems in San Diego – an amount that can power 12,000 homes. Solar power systems offer a hedge against ever-increasing electriicty costs and a financed solar power system is less expensive than the utility.

If you are considering installing a solar power system anywhere in southern California, the well-qualified professionals at Sullivan Solar Power are here to help you from concept to completion. In addition to designing, installing and maintaining a state-of-the-art solar energy system for each of our clients, we also provide support for our clients’ financing needs to ensure they receive all of the financial incentives they are entitled to. As a solar power industry leader, Sullivan Solar Power is dedicated to making San Diego and the greater region of southern California a greener community.

Financing Methods

HELOC- Home equity lines of credit offer the lowest rates. The finance payment is more often than not lower than the electric bill that the solar power system eliminated

Refinanced First Mortgages- Think of it like this, your builder failed to provide a means for you to generate electricity when your home was built. As a result you have been renting power from SDG&E for years. Roll the cost of your solar power system into your mortgage. It will cost less than your electric bill.

Second Mortgages- Not as cost effective as the previous two options but still better than the utility.

Solar Leases- Bad idea. Read the fine print on any lease offering. You will sacrifice your tax credit, your rebate, and the majority of your energy savings. In addiiton, you cannot move for 5 years without significant prepayment penalties and the lease payment escalates each year. If you are going to lease, you might as well just stay with the utility. Solar Leases are a bad choice for people who have good credit and equity. Do not be lured in by the slick marketing of Wall Street backed firms.

Aside from solar leases, a properly financed solar PV system is a no brainer. You own your system, you capture significant tax credits, you increase your property value and you save money from day one.

Designing the Right System for You

Given both the financial and non-financial benefits associated with solar power systems, it is no surprise that installations of these systems increased more than 110 percent last year, according to the DOE. To learn more about our solar energy systems and how you can benefit from an installation, contact us today. We will develop a customized solar energy system that fits your residential or commercial needs by thoroughly assessing your property and budget, among other needs.